Wealth Management
Tom Licciardello, CFP is a partner in Compass Capital Corporation which was founded in 1984 byTimothy F. Shanahan. There is one primary office of the firm and affiliates maintain separate offices in various locations in the Greater Boston area. Compass has 24 investment professionals and 3 support staff. As of December 30, the firm had in excess of 400 clients and was actively managing in excess of $113 million of total assets.
Basic Philosophy
Compass helps you make intelligent financial and investment decisions. We deliver trusted financial advice to you with our expertise, people, information, and technology. Compass embraces the total financial planning approach in working with its clients. Time is taken to assess each client’s needs, goals, time horizon and appetite for risk. We believe that integrating these factors support our clients’ goals for a successful investing experience.
Compass, as Your Trusted Financial AdvisorSM, seeks to provide a favorable long-term investor experience through uniquely constructed asset allocation portfolios designed to help you achieve your goals. Our process is to match your goals to an investment strategy that can offer you market like returns with less than market risk. Studies have confirmed our belief that the overwhelming determinant of success in an investment strategy is not which specific securities or funds were included, but how the assets were divided among the asset classes.
Our Mission
Our mission is to be “Your Trusted Financial AdvisorSM ” by providing you with the best quality personalized financial and investment advice. We believe in advising clients in a professional manner, understanding the investment vehicles that we select through due diligence, and in placing the client’s interest first.
Process
Once our analysts have examined economic and capital market conditions, diversified allocation commitments are made to specific asset categories (i.e. cash, bonds, foreign and domestic stocks, and non-correlated assets). We then select individual mutual funds, ETFs, or securities to complete the portfolio’s investment objective. Compass’s investment committee reassesses its allocation and manager commitments at least quarterly and makes changes to the portfolios under its advisement as warranted.
Our Chief Investment Strategist at Compass Capital Corporation, Tim Shanahan, gives an overview of the process we use in our Compass client wealth process video.
Who is SEI?
One of our primary partners in the Investment Management Process is SEI.
Watch this informative video to get know more about this innovative company.
Methods of Compensation
Portfolio management and asset allocation work is typically compensated by a percentage of assets under management which for most clients is a maximum 1.25% and declines with the size of the account. See our complete fee schedule and Form ADV Part II for more information.
Compass can also be engaged for planning and consulting on an hourly basis, typically at $150 per hour, although some cases may be more or less depending on the scope of the engagement.
Compass Capital Corporation can offer a flat fee-only basis when engaged to consult on total financial plans. Such fees are quoted depending on the nature and scope of the engagement.